IWM - Chart Link- almot tagged the 50 day MA, gapped over that trendline, basically bounced off that supply zone

IWM - Chart Link-

GDX - Chart Link- was a good buy on that gap fill, over the last 2 days you had a confirmation with the break of the GDX/GLD ratio trendline

JETS - Chart Link 2hr view, nice gap up over the resistance channel trendline. Remember, my trigger that I mentened on Wednesday was triggered inside the channel over the small trendline I drew on the base

JETS - Chart Link daily

I mentioned this yesterday, I stated had the RSI oversold systems decided to hold one more day the trend/hold condition would have kicked in - you can see it turned green on the open, if the trade was still open, it would be held until that bpt momo indicator slope turned negative/red

they are closing out today. That said, the trend/hold condition almost triggered, I actually think this one could have worked out as a swing. 

Or you could decide to keep some, or....since the KISS systems are long SPY and QQQ, simply pass of the baton to those KISS systems and continue to hold - anyway giving some options one can consider

it just came off two nice back to back winners, the odds of the 3rd trade being a whipsaw was high, considering that the system  only has about 48% winning trades, so 1/2 the trades  are losers, that's typical of a lot of the KISS systems, they have quite a few losing trades with small draw downs, but make up for that with trending moves/trades it catches. Though a lot of other KISS systems have around 55 - 65% winning trades on other ETF's and stocks.  

Remember GDX is a bugger for trends therefore a low winning % is normal, because of the nature of GDX it's not easy for a long only trend system. The 78 min and 1/2 day versions were decent. higher time frames like daily were just not adaptable enough because GDX rarely enters uptrends lasting months

Good morning: regarding the open mean reversion systems, the SPY QE BTS is set to exit on the open. I always forget that this system exits the next day on the open and NOT at the close.

that said for the website I'm going to keep the position for now with a stop below the 61.8% Fib retracement from the Oct 23 lows to yesterday's highs below 420.48. Steve and I for now are favoring the market to sell off to new lows but for this bounce to last a bit longer, so the plan is to try and sell at a bit higher prices hopefully. Again in the future once the mean reversion move occurs, we'll be exiting 1/2 of the mean reversion positions even if a trend hold condition gets triggered, just to be safe.

Your options are:

1. go ahead and exit like the system on the open

2. keep the position like I am with a stop exit plan

3. Yet another option would be to exit 1/2 here and the other half at a stop or hopefully a bit higher prices in the coming days

I like how it bounced off both the 50 day MA and putrend line yesterday, when I looked at a 60 min chart it looked like it wanted to follow through, it had a W like pattern - I always look at the 60 min at least when I like a chart from the daily just to confirm

MTA - Chart Link- I dipped my toe into this one today as it's at a long term important level. Unless this goes out of business, the gold market appears to be in an uptrend now so this could work higher from very low levels

again as I discussed yesterday - in the future, whenever the mean reversion move occurs for one of the systems and if the system decides to hold the trade longer than that based on a trend/hold condition, I'm going to be issuing sell 1/2 orders just to be safe and lock in some gains for times like this when that trend hold may give up the profits if the market sells off instead. That doesn't help anyone now, but I always have to look forward what we can do better in the future and learn/adapt from experiences 

The systems are getting close to stopping out. Again, if it's the leading diagonal then I'd expect prices to go go much lower taking out the recent lows by quite a bit.  they are close to stopping out, or if you can't handle any more heat and want to reduce or stop out on your own, that's your choice. 

and that's why I have a love/hate relationship with these systems - because I hate seeing you guys go through tough trades. and if someone happens to be brand new, a bad trade may cause them to unfairly judge the website or the systems

a lot of times you don't have one movement up or down on OPEX days, often you have a move in one direction in the morning and another one in the afternoon

otherwise cleary the trend is down and it's a Friday before a weekend where shit can happen, so not sure how many want to risk going home long on the weekend

as you know some of the mean reversion systems are still long from that momentum hold condion. The moment hold is based on a positive slope - that slope has been flattening out and getting closer to going red, where they will stop out. Even if price went sideways for a few days that might be enough to casuse them to exit, and obviously down moves like this accelerate it. Anyway just letting you know should the market continue to weaken they will soon trigger an exit. Again nothing exiting today

One thing I may consider in the future is whenever the trend/hold condition is triggered after a mean reversion move has already occured, is to take 1/2 off the table to lock in gains (since the mean reversion move occurred) then hold 1/2 the size for the trend hold when it triggers.

updated view of the KISS 78 min that went long on Oct 6th. I updated the stats that include this current trade

18 trades this year, up 31.7% vs GDX buy and hold that is up 2.6%. 

remember the daily KISS on GDX is really not very profitable long term per my previous dicussions because it does not trend long enough on a daily basis most of the time to work well on the KISS, which is why I went to smaller time frame. The 1/2 day version is fine too, the 78 min kicks ass though

that's an example of one of the high performance KISS systems I meantioned. 

again my goal is to complete some of these, that would then go into a new folder in the KISS section that is premium. There's a few things I'm still working on these but also there's the technical hurdle of James makeing the changes to that section to be able to accomodate custom versions and intra day time frames

TSLA - Chart Link- still hung onto that trendline, stop could probably be moved up to today's lows now

OR - Chart Link- on OR and DRD, watch the downtrend lines on price, and on the OR/GLD and DRD/GLD ratio's

DRD - Chart Link-

AG - Chart Link- first target would be 50 day MA

GDX is above the 50 MA, The downtrend line is more important than the 50 day, GDX is nearing that

looks like the trend/pullback may exit today on MES. None of the others, which as I stated earlier will stop out when the BPT momo indicator turns red

I have to leave shortly after the market, so I'll have James confirm and email out - ES doesn't close until an hr after the cash market

I've been wondering why this hadn't closed out as the CCI doesn't have the trend hold condition - I think there might be a bug because when I changed one thing that shouldn't have mattered it shows that it closed out a few days ago, so just to be safe I'm closing it out and locking in the nice gains. We have plenty of open systems so best to be safe here. 

again none of the mean reversion systems are exiting today - they are holding. And it appears that for the RSI oversold and QE BTS systems, a secondary trend hold condition kicked in that is going to hold the trade for a while beyond simple mean reversion bounce

would be nice if they caught a monster trade like these past ones

On the MES side of things, earlier I said the CCI and Trend/Pullback were closing out, they ended up NOT closing out! That actually gives more time for some of those earlier Trend/Pullback entries to become profitable. 

ES is closed for the day, of course if you have ETF's in place then you can still make a change add back if you wanted. Anyway, on days I have to leave before ES closes, these things can happen